THE CULTURAL CHALLENGES OF MNCS INVESTING IN CHINA

THE CULTURAL CHALLENGES OF MNCS INVESTING IN CHINA IN THE ordinal CENTURY Universal draw neares of focal point trust that few study differences exist among managers from unalike social and ethnical backgrounds and that circumspection theories and practices fanny be easily transferred from one last to another (Chen, 2004, p1). This approach suggests that the corporate tillage and management systems that determine financial achiever in a companys home ground volition tell success in other countries. This trust is often erroneous. due(p) to the difference in history, geography, civilisation, infrastructure and the applicable political environment, management systems and best prac-tises in the home countries of prosperous MNCs often strife with those in a host country. To assistant MNCs develop an efficient management system for the countries or part they operate in, management should instead use the cultural cluster approach which puts vehemence on how attitud inal and behavioural differences among cultures determine man-agement tasks (Chen, 2004, p2). In examining the challenges that are confronted by western MNCs in investing in chinaware, this experiment leave firstly trade the meaning of cul-ture. Specifically, Hofstedes expanded concept of culture is defined, then employ to il-lustrate the sharp contrast in culture and business environments that MNCs count in China (Hill, 2003). At this point, the danger in stereotyping close to Chinese culture is emphasised. Guanxi, the unique constituent of Chinese culture, is discussed. The particular role that guanxi plays is illustrated through examples (Chen, 2004). Furthermore, the importance of de-signing culturally relevant employee motivator schemes in China is canvassed, as thoroughly as the Chinese method of conflict resolution. Then, the essay will define and historically explain the four different types of enterprise, individually with their differing corporate cultures. Th e challenges that different types of enterpr! ise confront in China are considered. Finally, the essay seeks to explain why some MNCs... If you indispensableness to get a full essay, order it on our website: OrderCustomPaper.com

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